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26.05.202214:13 Forex Analysis & Reviews: EUR/USD analysis for May 26, 2022 - Potential for bigger drop and breakout of upside channel

Technical analysis:

Exchange Rates 26.05.2022 analysis

EUR/USD has been sideways today but I see potential for the downside breakout of the rising channel. Watch for potential downside breakout.

Trading recommendation:

Due to the strong downside cycle on the higher time-frame and very defined upside channel, I see potential for the downside breakout.

In case of the downside breakout ,watch for potential selling opportunities with the downside objective at 1.0540.

Stochastic is showing fresh bear cross, which is sign for the downside movement.

Key resistance is set at the price of 1.0760

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2022
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